The Power of Compounding

According to Gautam Baid (Author of The Joys of Compounding), Compounding not only refers to wealth. Compounding should also be done with other factors, which are more important to life
  • Compounding Positive Thoughts
  • Compounding Good Health
  • Compounding Good Habits
  • Compounding Wealth
  • Compounding Knowledge
  • Compounding Goodwill
All the above 6 factors are equally important and compounding these leads to Happy Living. I would like to share few quotes by few famous people as i read in the book

            Compounding Positive Thoughts

"Whenever the mind of of man can conceive and believe, it can achieve. Thoughts are things! And powerful things at that, when mixed with definiteness of purpose, and burning desire, can be translated into riches"- Napoleon Hill
"The mind is everything. What you think, you become"- Gautama Buddha
"Our life is what our thoughts make it"- Marcus Aurelius

            Compounding Good Health

"To keep the body in good health is a duty, otherwise we shall not be able to keep our mind strong and clear"- Gautama Buddha
"Take care of your body, It's the only place you have to live"- Jim Rohn

            Compounding Good Habits

"What you are is what you have been. What you'll be is what you do now"Gautama Buddha

            Compounding Wealth

"Good Investing isn't necessarily about earning the highest returns, because the highest returns tend to be one-off hits that kill your confidence when they end. It's about earning pretty good returns that you can stick with for a long period of time. That's when compounding runs wild"- Morgan Housel

            Compounding Knowledge

"When we bought See's Candy, we didn't know the power of a good brand. Over time, we just discovered that we could raise prices 10 percent a year and no one cared. Learning that changed Berkshire. It was really important. You have to be a lifelong learner to appreciate this stuff. We think of it as a moral duty. Increasing rationality and improving as mush as you can no matter your age or experience is a moral duty"- Charlie Munger

            Compounding Goodwill

"Let no one ever come to you without leaving better and happier"- Mother Teresa

My Opinion on compounding is multiplication over time. I strongly believe this

If you add 9+9+9+9+9+9+9+9+9 = 81
If you multiple 9*9*9*9*9*9*9*9*9 = 38,74,20,489

Compounding always takes time but the power of compounding is what the whole universe is all about.

Have a Great Day
B G Nareshkumar

No comments:

Post a Comment

Retirement Planning

Most of us work round the clock for happy life and to take good care of our family. Indeed we wish to have a stress free, wealthy and health...